Daily Quote: "The most important single central fact about a free market is that no exchange takes place unless both parties benefit."
Milton Friedman
Submitted by smarquez on Thu, 04/09/2009 - 1:12pm
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Send to friendPrinter-friendly version10 states are considering an increase in sales or income taxes: Arizona, Connecticut, Delaware, Illinois, Massachusetts, Minnesota, New Jersey, Oregon, Washington and Wisconsin.
California and New York already have a multibillion-dollar tax increases that went into effect earlier this year.
Full WSJ Story: More States Look to Raise Taxes
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This is one visible impact of the economic depression. In some cases, the shortage is being pulled from the people's taxes in order to meet the country's needs. Also, people are wishing the financial system will get better earlier than its going to. But. it is in the self interest of the people that reap the benefits of spending to preach materialism. Only small but successful groups of persons profit financially if the economic system takes a dive. Seriously look into all the completely new financial internet sites out there. Individuals might get out of jail with a loan to pay their particular bail bond firm, (See http://bailbondlenders.com). It is just becoming silly Watch the hawks who are telling every person to fall victim to consumerism his or her personal savings to help keep the economic system running.